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|||Page||
|---|---|---|---|
|Reference and administrative
details||||
|Report ofthe trnstees|2|to|4|
|Report ofthe independent
anditors|5|to|7|
|Statement offinancial activities||||
|Balance sheet||||
|Cash flow statement||10||
|Notes tothe cash flow statement||||
|Notes to the financia statements|12|to|22|
|Detailed statement offmanciai activities|23|to|24|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||Unr estricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS FROM||||||
|Donations and legacies||||43/51|118,765|
|Charitable
activities||||||
|Sales ofBibles and Christian||Literature||6/$5/50|5,578,657|
|Investment
income||||79,811|67,081|
|Other income||||~00|13,615|
|Total||||6/16,812|5,778,118|
|EXPENDITURE ON||||||
|Raising funds||||66,833|49,100|
|Charitable
activities||||||
|Sales ofBibles and Christian||Literature||6,915,59$|5,775,953|
|Total||||6,982,431|5,825,053|
|NET INCOME/(EXPENDITURE)||||(465,619)|(46,935)|
|RECONCILIATION|OFFUNDS|||||
|Total funds brought fonvard||||2,8528582,899,293||
|TOTAL FUNDS CAIUOED||FORWARD||2386,739|2,852,358|
##
|||2023|2PZ'2|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|hinds|
||Notes|||
|FD'.K9ASSETS||||
|Tangible assets
Irtvistntents|13
14|1,685,932|1,719.959
2|
|||I,68$,932|1,719/61|
|CUjmRXI' ASSETS||||
|St
ks
Debtors
Cash atbank and inband||I,'734,367
687,693
Sl,898|1;695:,139
$95,110
133,758|
|||2403t918|'2,424,007|
|CREDITORS||||
|/4nounts. faBing duc within one ycat||(I,276,642)|(I,tb5,141)|
|NET CURRENT ASSETS||1,2)7,276|1+6,8,866|
|TOTAL ASSETSLESSCURRENT||||
|WABILITKS||2,913308|3,088,827|
|CREDITORS||||
|Amoqnb
falting due after more than one year|l8|(526&69)|('236,469)|
|NET ASSETS||2,,386,739|2,852,358|
|FUNDS||||
|Unrestricted
funds||2/86,739|2,852/S8|
|TOTAL FUNDS||2@86,739|2',8S:2,358|
##
|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating
activities||||||
|Cash generated
from operations||||(216,696)|(296,303)|
|Net cash used in operating|activities|||(216,696)|(296,303)|
|Cash fiows from investing|activities|||||
|Purchase oftangible fixed
Interest received|assets|||(10s213)
50|(17,960)|
|Net cash used in investing|activities|||(10s163)|(17,960)|
|Cash flows from financing|activities|||||
|New loans in year
Loan repayments
iu year||||185,000
(10,001)|405,000
(34,167)|
|Net cash provided
by financing
activities||||174/99|370,833|
|Change in cash and cash equivalents||in||||
|the reporting period
Cash and cash equivalents|at the|||(51,860)|56,570|
|beginning ofthe reporting|period|||133,758|77,188|
|Cash and cash equivalents|at the end|of||||
|the reporting period||||81,898|133,758|
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|
ACTIVITIES||||
|---|---|---|---|
|||2023|2022|
|Net expenditnre
for the reporting|period (asper the Statement of|||
|financial activities)
Adjnsttnents
for:||(465,619)|(46,935)|
|Depreciation
charges||44,241|42,329|
|Interest received
(Increase)/decrease
in stocks
Increase in debtors
Increase/(decrease)
in creditors||(50)
(39428)
(92)543)
336403|197,681
(206,119)
(283,259)|
|Net cash nsed in operations||(216,696)|(296,303)|
|ANALYSIS OF CHANGES IN NET DEBT||||
||At 1.4.22|Cash flow|At312.23|
|Net cash||||
|Cash at bank and in hand|133,758|(51,860)|81,898|
||133,758|(51/60)|81,898|
|Debt||||
|Debts falling due within
1year
Debts falling due after 1 year|(214/64)
(236,469)|115,000
(290,000)|(99,364)
(526)469)|
||(450,833)|(175,000)|(625,833)|
|Total|(317,075)|(226,860)|(543,935)|
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|DONATIONS
AND LEGACIES|||
|---|---|---|
||2023f|2022|
|Donations|43/51|82,425|
|Exceptional item (see note 11)||36,340|
||43,251|118,765|
|INVESTMENT INCOME|||
||2023|2022|
|Rents received|47,122|33,671|
|Service charges received|32,639|33,410|
|Interest receivable|50||
||79,811|67,081|
##
##
|4.|INCOME|FROM|CHAIUTAB|LE ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||Activity||||
||Wholesale|sales||Sales ofBibles and Christian|Literature|5,025,661|4,462,826|
||Mission worship conference
Online sales|||Sales ofBibles and Christian
Sales ofBibles and Christian|Literature
Literature|9,469
1447,110|(4,719)
1,116,840|
||Royalties|income||Sales ofBibles and Christian|Literature|3,110|3,710|
|||||||6/85/50|5,578,657|
|5.|RAISING|FUNDS||||||
||Raising donations||and legacies|||||
|||||||2023|2022|
||Advertising|||||66,833|49,100|
|6,|CHARITABLE ACTIVITIES|||COSTS||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 7)|Totals|
||Sales ofBibles and||Christian Literature||6,126@62|789,236|6,915@98|
##
##
||||Year|ended|
|---|---|---|---|---|
|||Year ended 31.3.23|3L322||
|||Sales ofBibles and|||
|||Christian|Sales ofBibles and||
|||Literature|Christian|Literature|
|Rent, rates|&utilities|48,915||56,435|
|Telephone||10,945||15,214|
|Repairs||18+29||26,590|
|Insurance||21,114||19,398|
|Cleaning
Travel &motor expenses||10,839
34,694||9,332
20,928|
|Event costs||23,700||10,271|
|Advertising
Printing &|&promotion
stationery|113,147
6,931||63,685
4,113|
|Subscription|and donations|6,882||3,029|
|Credit card|charges|7,649||6,277|
|Tranlnlg costs||843||830|
|Bad and doubtful
debts
Computer
licencing &maintenance||3,778
86,148||9,630
70,687|
|Equipment|maintenance|8,744||5,304|
|Welfare expenses||8,858||6,580|
|International
office field contribution
Bank charges||31,706
24,762||39,413
22,018|
|Sundry||8,857||7,335|
|Management|recharges - CLC UK|(8,400)|||
##
##
|SUPPORT COSTS - contkaued|||
|---|---|---|
|Interest on CLC loan
Depreciation oftangible axed assets|5,212
44,241|42,329|
||518894|439,398|
##
|Governan|ce|costs||||||
|---|---|---|---|---|---|---|---|
|||||Year Ended||Year Ended||
|||||313.23||319.22||
|||||Sales|ofBibles|Sales|ofBibles|
|||||and Christian||and Christian||
|||||Literature||Literature||
|Salaries|||||229/64||231403|
|Auditors'|rcinuneration||||16/00||15,500|
|Legal and|professional||fees||12,430||6,767|
|Conferences||&trustee|meetings||4,148||(3,464)|
||||||262,442||257,234|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||||
||||||2023||2022|
|Auditors'|remuneration||||16@00||15,500|
|Depreciation||-owned assets|||44,240||42,329|
##
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##
||||||2023|2022|
|---|---|---|---|---|---|---|
|Employment|costs||||||
|Wages and salaries|||||1,002,615|886,563|
|Social security costs|||||70,080|70,063|
|Other pension|costs||||22,810|23,163|
|||||||979,789|
|The average monthly||number ofemployees||during the year was as follows:|||
||||||2023|2022|
|Full time and|part time||||49|45|
|No employees|received emoluments||in excess off60,000.||||
##
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|COMPARATIVES FOR T|HK STATEMENT OF FINANCIAL ACT|IVITIES|
|---|---|---|
|||Unrestricted|
|||fund|
|INCOME AND ENDOWMENTS FROM|||
|Donations and legacies||118,765|
|Charitable
activities|||
|Sales ofBibles and Christian|Literature|5,578,657|
|Investment
income
Other income||67,081
13,615|
|Total||5,778,118|
|EXPENDITURE ON|||
|Raising funds||49,100|
|Charitable
activities|||
|Sales ofBibles and Christian|Literature|5,775,953|
|Total||5,825,053|
|NKT INCOME/(EXPENDITURE)||(46,935)|
##
##
##
|12.|COMPARATIVES|F|ORTHK STATEMENT OFFI|NANCIAL ACTIVITIE|S -continued||
|---|---|---|---|---|---|---|
|||||||Unrestricted|
|||||||fund|
||RECONCILIATION||OF FUNDS||||
||Total funds brought|forward||||2,899,293|
||TOTAL FUNDS CARRIED FORWARD|||||2,852,358|
|13.|TANGIBLE FIXED||ASSETS||||
||||||Improvements||
|||||Freehold|to|Plant and|
|||||property|property|machinery|
||COST||||||
||At 1 April 2022|||1,407,176|258,019|23,915|
||Additions|||||3,263|
||At 31March 2023|||1,407,176|258,019|27,178|
||DEPRECIATION||||||
||At 1April 2022||||33,078|16+&4|
||Charge for year||||14,479|2,110|
||At 31March 2023||||47/57|1&@94|
||NET BOOK VALUE||||||
||At 3I March 2023|||1,407,176|210,462|8,784|
||At 31March 2022|||1,407,176|224,941|7,631|
|||||Fixtures|||
|||||and|Computer||
|||||ettings|equipment|Totals|
||COST||||||
||At I April 2022|||113/66|42/16|1,844,692|
||Additions||||6,950|10,213|
||At 31March 2023|||113,366|49,166|1,854,905|
||DEPRECIATION||||||
||At 1 April 2022|||48,478|26,893|124,733|
||Charge for year|||19,214|8,437|44+40|
||At 31 March 2023|||67,692|35,330|168,973|
||NET BOOK VALUE||||||
||At 31March 2023|||45,674|13,836|1,685/32|
||At 31March 2022|||64,888|15,323|1,719,959|
##
##
||Interest in|
|---|---|
||groupunder|
||takings
f|
|MARKET VALVE||
|At 1 ApB12022|2|
|Disposals|(2)|
|At 31March 2023||
|NET BOOK VALUE||
|At 31March 2023||
|At 31 March 2022||
##
|STOCKS|||
|---|---|---|
||2023|2022|
||f|f|
|Stocks|1,734/67|1,695,139|
##
##
|||||2023|2022|
|---|---|---|---|---|---|
||||||f|
|Trade|debtors|||617,&22|539,502|
|Other|debtors|and|prepayments|6&$07|47,248|
|VAT||||1,524|8,360|
|||||687,653|595,110|
##
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##
||||2023|2022|
|---|---|---|---|---|
||Bank loans and overdraAs (see note 19)||9/64|9,364|
||Other loans (see note 19)||90,000|205,000|
||Trade creditors||926)644|681,711|
||Social security and other taxes||20,535|16,019|
||Sundry creditors and accruals||230,099|143,047|
||||I/76,642|1,055,141|
|18.|CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE||YEAR||
||||2023|2022|
||Bank loans (see note 19)||26,469|36,469|
||Other loans (see note 19)||500,000|200,000|
||||526,469|236,469|
|19.|LOAIVS||||
||An analysis ofthe maturity ofloans is given below:||||
||||2023|2022|
||Amounts
falling due within one year on demand:||||
||Bank loans||9/64|9,364|
||Other loans||90,000|205,000|
|||||214,364|
||Amounts
falling between one and two years:||||
||Bank loans - 1-2years||9,714|9,714|
||Other loans - 1-2years||500,000|200,000|
||||509,714|209,714|
||Amounts
falling
due between two and five years:||||
||Bank loans - 2-5years||16,755|26,755|
|20.|MOVEMENT IN FUNDS||||
||||Net||
||||movement|At|
|||At 1.4.22|in funds|31.3,23|
|||||f,|
||Unrestricted
funds||||
||General fund|2,852/58|(465,619)|2@86,739|
||TOTAL FUNDS|2,S52,35S|(465,619)|2/86,739|
##
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|Unrestricted|funds||||||
|General fund||||6,516/12|(6,982,431)|(465,619)|
|TOTAL FUNDS||||6,516,812|(6,982,431)|(465,619)|
|Comparatives|for movement||in funds||||
||||||Net||
||||||movement|At|
|||||At 1.4.2I|in funds|31.3.22|
||||||E.||
|Unrestricted|funds||||||
|General fund||||2,899,293|(46,935)|2,852,358|
|TOTAL FUNDS||||2,899/93|(46,935)|2,852,358|
|Comparative|net movement|in|funds, included|in the above are as follows:|||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted|funds||||||
|General fund||||5,778,118|(5,825,053)|(46,935)|
|TOTAL FUNDS||||5,778,118|(5,825,053)|(46,935)|
##
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